Choosing and Assessing Exchange Rate Regimes: a Survey of the Literature
Keywords:
Exchange rate, currency crisis, optimal currency area
Abstract
This paper attempts to provide a comprehensive overview on the theoretical and empirical analysis of the selection and assessment of exchange rate regimes. The literature can be divided into two main groups: classical and modern. The first group refers to earlier studies examining the differences between floating and fixed exchange rate regimes. The second group is focused on the trade-off between credibility and flexibility, the economic performance and currency crisis, among others. In addition, this paper reviews why many countries follow de facto regimes different from their de jure regimes.
Published
2013-11-03
How to Cite
Cruz-Rodriguez, A. (2013). Choosing and Assessing Exchange Rate Regimes: a Survey of the Literature. Economic Analysis Review, 28(2), 37-62. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/383
Issue
Section
Articles
Upon submission of an article, authors are asked to indicate their agreement to abide by an open-access license. The license permits any user to download, print out, extract, archive, and distribute the article, so long as appropriate credit is given to the authors of the work. The license ensures that your article will be as widely available as possible and that your article can be included in any scientific archive. Please read about the Creative Commons Attribution License before submitting your paper.
Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution 3.0 License